Recently-opened full-service branch banking office represents 10th location for locally-operated financial institution.
MacKenzie Commercial Real Estate Services, LLC has brokered a lease with Rosedale Federal Savings & Loan Association for a free-standing building at 1730 York Road, in the Timonium area of Baltimore County. The location, which recently opened, represents the 10th full-service branch banking office for the locally operated financial institution. Karen Deeley, Senior Vice President, MacKenzie Commercial Real Estate Services represented the tenant and mfi Realty represented the landlord, 1730 York Road Assoc., LLP in this lease transaction.
Founded in 1908, Rosedale Federal Savings & Loan provides a full range of banking and financial services to both business and personal customers. This includes checking and savings accounts, certificate of deposits, residential and commercial mortgages, construction loans and related financial services and products. Additionally, the Perry Hall based financial institution is active in its communities by supporting local non-profits and causes.
Featuring roadside visibility from York Road, and situated adjacent to Ridgely Plaza and the Mercy Personal Physicians at Lutherville, the free-standing building features one drive-thru lane, with more than 33,000 vehicles passing the site on a daily basis. Contained within an extremely vibrant retail corridor in Baltimore County, nearly 185,000 people reside with a five-mile radius with an average household income exceeding $120.000. Major retailers in the immediate vicinity include Best Buy, Kohl’s, Michaels and Mom’s Organic Market.
“Despite the popularity of on-line banking and the challenges presented by COVD-19, many banks continue to search for brick-and-mortar locations to increase the visibility of its corporate brand and establish an environment that meets the needs of its customers,” explained Karen Deeley of MacKenzie Commercial Real Estate Services. “Rosedale Federal was interested in expanding its footprint and the north York Road corridor represented the natural next step in its growth. Drive-thru availability is a highly sought-after feature among banks, quick-serve restaurants, pharmacies and other retail uses, and this amenity is an important component in the bank’s business model.”
“Our community-oriented approach to banking has been embraced by personal and business customers alike, and securing a site in the York Road corridor to complement our branch network has been a long-term goal,” stated Kevin Benson, President and CEO of Rosedale Federal Savings & Loan. “This high-profile location will help us elevate our corporate brand awareness and market share and provide another easily-accessible location for our personal and business customers.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates six full-service divisions addressing all real estate asset classes including MacKenzie Management Company, LLC, MacKenzie Contracting Company, LLC, MacKenzie Capital, LLC, MacKenzie Investment Group and Datastory Consulting. The company provides customized real estate solutions for institutional owners, investors, private companies and individuals. For additional information, visit www.mackenziecommercial.com